Focus on Green Building Projects, Adoption of Modern Building Construction & Frequent Refurbishment of Houses Propelled Demand of Modern Waterproofing Membrane Products in India: Ken Research

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Strong push from government for Affordable Housing under INR 50 Lakh segment has show a growth in FY’2019 with almost 50% contribution in overall sales of housing units which has propelled the demand for residential units.

Development in Tier 2 & Tier 3 Cities: Government schemes such as Smart Cities Mission, Housing for All by 2022, North East Special Infrastructure Development Scheme and others have increased construction activities in India. ~22 projects sanctioned under the scheme costing  approx ₹885.4 Cr in various states such as Arunachal Pradesh, Assam, Manipur and other North Eastern region which  includes projects related to roads & bridges, water supply & sanitation, power, connectivity for tourism  & infrastructure related to education & health.

Switch from Traditional to Modern Techniques: Constant efforts from waterproofing companies in increasing product awareness for modern waterproofing techniques through advertisements, conferences, product display in retail level has helped in rising demand for modern waterproofing products in India market with more adoption of internal & external waterproofing systems. Also, green building initiatives from government and corporate has created demand for green building & sustainable projects.

Emergence of New Waterproofing Players: In 2019, Burger Paints acquiring major shares of STP limited which is one of the oldest waterproofing companies in India will capture retail market with existing retail channels. Also, entry of Asian Paint in 2017 with Smart Care products has increased the waterproofing products penetration in retail & bazaar market of India.

The report titled “India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East) by Ken Research suggests that the government focus on infrastructure & construction development as well as green building materials requirements will drive the demand for modern waterproofing techniques & products in the future. Capital cities such as Delhi NCR, Mumbai, Bangalore, Chennai, and Ahmedabad, along with Tier 2 cities have promising infrastructure developments and construction lined up and will emerge as key target segments for a waterproofing manufacturer looking to penetrate the institutional segment. The revenue generated from sale of waterproofing products is projected to grow at a CAGR of 8.0% during the period FY’2019-FY’2025.

india-waterproofing-membrane-market

Key Segments Covered:-

By Membrane Type

Sheet Membrane

Liquid Membrane

By Application

Roof & Terrace

Walls & Flooring

Basement & Foundation

Others

By Cities

Tier 1

Tier 2

Tier 3

By Regional Demand

North Region

South Region

West Region

East Region

By Type of Roof Construction

New Construction

Repair/Renovation

By End Users

Real Estate and Industrial

Infrastructure

Others

Key Target Audience:-

Waterproofing Membrane Manufacturing Companies

Construction Chemical Manufacturing Companies

Contractors and Applicators

Construction Chemical Association

Raw Material Manufacturing Companies

Time Period Captured in the Report:-

Historical Period: FY’2014-FY’2019

Forecast Period: FY’2019-FY’2025

Companies Covered in Report:-

Pidilite Dr. Fixit

Sika India

Fosroc Chemical India

Shalimar Tar Products Limited (STP Limited)

Asian Paints Limited (Smart Care)

BASF (Master Builders Solutions)

CICO Technologies Limited (CTL)

Chryso India

Mapie India

GCP Applied Technology India

For more information on the research report, refer to below link:

India Waterproofing Membrane Market

Related Reports:-

India Construction Chemical Market Outlook to 2020 – Rapid Infrastructure Development and Government Intervention to Fuel Market Growth

India Bricks and Blocks Market Outlook to 2024-Rising Emphasis on Green Buildings and High Rise Building Projects Elevating Demand for AAC Blocks

Germany Construction Chemical Market Outlook to 2020 – Redevelopment of Old Building Structures and Surging Demand for Concrete Admixtures to Shape Future

Global Construction Chemical Market Outlook to 2020 – Concrete Admixtures and Repair and Rehabilitation Chemicals to Drive Market Growth

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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